Financial Officer
Dubai UAE
Outsourcing client
Job Summary
The Financial Officer is responsible for managing the organizations financial operations including budgeting forecasting financial reporting and ensuring compliance with financial regulations. This role plays a critical part in maintaining the financial health and sustainability of the organization.
Key Responsibilities Financial Management
- Oversee daily financial transactions including accounts payable accounts receivable and payroll.
- Manage cash flow to ensure sufficient funds are available for operational needs.
- Prepare financial forecasts and budgets.
Reporting
- Prepare accurate financial statements including income statements balance sheets and cash flow statements.
- Generate monthly quarterly and annual reports for management and stakeholders.
Compliance and Audit
- Ensure compliance with local regional and international financial regulations and standards.
- Support external and internal audits by providing necessary documentation and analysis.
Strategic Planning
- Provide financial insights to support strategic decisionmaking.
- Monitor financial performance and identify areas for cost optimization.
Risk Management
- Assess financial risks and develop mitigation strategies.
- Implement and maintain internal controls to safeguard company assets.
Collaboration
- Work closely with department heads to develop budgets and financial plans.
- Liaise with external entities such as banks auditors and tax authorities.
Qualifications and Skills Education
- Bachelors degree in Finance Accounting Economics or a related field. A masters degree or professional certifications such as CPA CFA or ACCA is a plus.
Experience
- Minimum of 57 years of experience in financial management or a similar role.
Technical Skills
- Proficiency in financial software (e.g. QuickBooks SAP or Oracle).
- Strong analytical and problemsolving skills.
- Advanced knowledge of Microsoft Excel and financial modeling.
Soft Skills
- Excellent communication and interpersonal skills.
- High attention to detail and organizational skills.
- Ability to work under pressure and meet deadlines.
Key Performance Indicators (KPIs)
- Timeliness and accuracy of financial reporting.
- Adherence to budgets and forecasts.
- Compliance with financial regulations.
- Efficiency in managing cash flow and reducing operational costs.